Is BlackBerry / BB Halal?
BlackBerry Limited (TSX: BB) is the Waterloo, Ontario enterprise-software company built on QNX — embedded software in 275 million+ vehicles — plus Secure Communications and a patent-licensing business. Selling software and services is a permissible business.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — PASS
BlackBerry licenses embedded software (QNX), sells Secure Communications solutions, and monetizes its patent portfolio — none of these are prohibited business activities. Gate one: PASS.
Gate two: the ratios — PASS
Debt-to-market-cap: ~4.3% including leases (ceiling ~33%) — PASS. At August 31, 2026, BlackBerry carried US$197.1 million of long-term notes plus US$23.9 million of operating lease liabilities — about US$221.0 million in total — against US$447.1 million of cash and investments. The NYSE close of US$8.80 on September 28, 2026 times about 587.03 million shares outstanding implies a market cap near US$5.17 billion, so debt and leases are roughly 4.3% of market cap — comfortably under the ~33% ceiling even when leases are included.
Investment income: ~0.98% of revenue (ceiling ~5%) — PASS. Q2 fiscal 2027 reported "investment income, net" of US$1.6 million on US$163.3 million of total revenue — about 0.98%; the six-month figure was US$2.7 million on US$316.2 million (about 0.85%), well under the screen. Gate two: PASS.
The bottom line
This screener gives BlackBerry Limited (TSX: BB) a PASS. Q2 fiscal 2027 (three months ended August 31, 2026, reported September 24, 2026) posted revenue of US$163.3 million (+26%), GAAP net income of US$33.9 million, operating cash flow of US$29.3 million, and raised fiscal 2027 guidance to US$616–636 million of revenue. Q3 fiscal 2027 results are due around late December 2026. Snapshot dated September 28, 2026; re-checked quarterly after earnings.
What could flip it: heavy borrowing — new debt pushing interest-bearing debt and leases toward ~US$1.7 billion (33% of today's market cap) would fail the screen. See all the screeners on the screeners hub.
Frequently asked questions
Is BlackBerry stock halal?
This screener gives BlackBerry Limited (TSX: BB) a PASS. Enterprise software — QNX embedded automotive platforms, Secure Communications, and patent licensing — clears the business-activity screen, and the debt ratio passes: US$197.1 million of long-term notes plus US$23.9 million of operating lease liabilities against a market cap near US$5.17 billion is roughly 4.3% — under the ~33% ceiling.
What are BlackBerry's debt and market-cap figures?
At August 31, 2026, BlackBerry reported US$197.1 million of long-term notes and US$23.9 million of operating lease liabilities, with US$447.1 million of cash and investments on hand. Against a market cap near US$5.17 billion (US$8.80 close on September 28, 2026 × ~587.03 million shares), debt and leases are roughly 4.3% of market cap — under the ~33% AAOIFI ceiling even when leases are included.
Does BlackBerry earn interest income?
BlackBerry reports investment income, net of US$1.6 million in Q2 fiscal 2027 on US$163.3 million of revenue — about 0.98%, well under the ~5% screen. Six-month investment income was US$2.7 million on US$316.2 million of revenue (about 0.85%).
What could change BlackBerry's halal screener?
Taking on significant new debt — or a large fall in equity value — could push the debt ratio toward the ~33% ceiling (about US$1.7 billion at today's market cap). This screener is a snapshot dated September 28, 2026 and is re-checked quarterly after earnings; Q3 fiscal 2027 results are due around late December 2026.
Why does this screener include lease liabilities?
This site includes operating lease liabilities because under IFRS 16 they are interest-bearing obligations recorded on the balance sheet. BlackBerry reports US$23.9 million of operating lease liabilities at August 31, 2026; including them with the US$197.1 million of long-term notes keeps the debt-to-market-cap ratio at roughly 4.3% — still well under the ~33% ceiling.